Category: Top National News

Mortgage Daily, Feb. 17, 2017Nearly $800 million in distressed government-sponsored enterprise residential loans have been put on the auction block.

Mortgage Daily, Feb. 21, 2017MGIC has relaxed some of its underwriting guidelines. Among the changes are higher loan-to-value ratios, increased loan amounts and reduced credit scores.

Mortgage Daily, Feb. 21, 2017Estimates were based on an analysis of CRE lending reports issued by the Mortgage Bankers Association.

Commercial Property Executive, Feb. 21, 2017–Sanyu KyeyuneMBA Chairman Rodrigo López, CMB, pointed out three components of MBA’s blueprint for 2017: ensuring regulations promote the efficient flow of capital, deploying transformational technology to better serve customers and developing a workforce as diverse as its customers.

DSNews, Feb. 21, 2017TransUnion, a credit information service, released a report, Q4 2016 Industry Insight Report, on credit service trends for 2016. It reported in 2016 alone, 12 million consumers gained access to credit services such as personal loans, mortgages, auto loans and credit cards.

Reuters, Feb. 16, 2017–David HenryJPMorgan Chase & Co. is gradually introducing a digital mortgage platform where customers can apply online and track applications by mobile phone.

Washington Post, Feb. 16, 2017–Kathy OrtonMortgage rates have defied conventional wisdom this past month by holding steady for the fourth week in a row. “Mortgage applications fell last week as mortgage rates were little changed,” Mortgage Bankers Association Chief Economist Mike Fratantoni said.

Washington Post, Feb. 16, 2017–Sarah HalzackGerman grocery juggernaut Lidl, with 10,000 stores in 27 countries, made its name offering a limited assortment of goods, many of them private label, at ultra-low prices. Now it is ready to descend on America, potentially disrupting the grocery retail category.

HousingWire, Feb.16, 2017–Ben LaneEarlier this week, PHH announced it will exit its joint mortgage venture with Realogy Holdings, ceding the business to Guaranteed Rate as PHH continues to shift its business focus. But that’s far from the only change for the company.

Miami Herald, Feb. 16, 2017–Ana Veciana-SuarezA new survey of Americans 55 years and over shows that almost half worry about where they will live in retirement and almost two-thirds of baby boomer parents fret about their adult children’s ability to afford desirable housing.